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Patron Picks Up $90M For Games, Consumer, Web Investments

socalTECH

A new, early-stage venture firm, Patron--which has one of its General Partners based in Los Angeles--said on Tuesday that it has raised $90M in a new venture capital fund. Yeh and Cho said that they have served across such companies as Riot Games, FirstMark Capital, and Andreessen Horowitz.

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Griffin Gaming Partners Backs Mobile Game Developer Spyke

socalTECH

Santa Monica-based venture investment firm Griffin Gaming Partners is the lead investor in Turkish mobile gaming developer Spyke, Spyke said on monday. According to Spyke, it raised $55M in its seed funding round from Griffin Gaming Partners. Spyke's team comes from Peak Games, Zynga and Riot Games.

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The Changing Venture Landscape

Both Sides of the Table

how on Earth could the venture capital market stand still? One of the most common questions I’m asked by people intrigued by but also scared by venture capital and technology markets is some variant of, “Aren’t technology markets way overvalued? On the one hand, you’re over paying for every investment and valuations aren’t rational.

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Singularity 6 Takes $16.5M In Series A

socalTECH

Andrew Chen, a Partner at Andreessen Horowitz, will join the company's board of directors as part of the investment. According to Singularity 6, it is looking to deliver a "more meaningful" online game experience. Singularity 6 said the new funding will help it power up its technology and game development efforts.

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How Do I Feel About the Snap IPO Given I Didn’t Invest?

Both Sides of the Table

Every tech or major news journal in the country is preparing to write their Snap, Inc (creators of Snapchat, Spectacles, etc) stories and many of them seem to want a “How does it feel to have missed this investment story.” But local VCs don’t deserve to get beat up for not investing. Very, very few pan out.

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Understanding What’s Going on in #LATech

Both Sides of the Table

Back then only 15% of our dollars were invested locally whereas today 50% of our dollars are invested in LA. Back then only 15% of our dollars were invested locally whereas today 50% of our dollars are invested in LA. Upfront Ventures was created 20 years ago as one of the original VC funds in Los Angeles.

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Clinton Foy: Why We Bought Our Own E-Sports Team, the Immortals

socalTECH

To get some insight into the growing world and business of e-sports, we caught up with Clinton Foy , a local venture capital investor at Crosscut Ventures in Los Angeles. Clinton Foy: E-sports is, fundamentally, one of the biggest trends and one of the hottest areas in video games and the interactive space right now.